Nokia to shed 1,100 IT staff

Nokia has announced it is to cut another 300 jobs from its global workforce and outsource a further 820 in an effort to further drive down costs.

The new job losses are part of a move to "streamline its IT organisation" in a bid to cut operating costs while improving "operational efficiency", Nokia said.

As such, 300 employees will be made redundant from across its global workforce while 820 employees will be shifted to outsourcing firms HCL Technologies and Tata Consultancy Services.

The job cuts are the latest to hit the firm, which had cut jobs throughout 2012, but the firm said this would be final round of redundancies to hit the firm.

"These are the last anticipated reductions as part of Nokia's focused strategy announcement of June 2012."

The move comes after the firm posted better-than-expected preliminary earnings last week, announcing it had shipped 4.4 million Lumia smartphones, ahead of expectations and boosting investor confidence in the firm's future.

The firm faces a tough 2013, though, with management already predicting a decline in sales in the next quarter, due to the post-Christmas lull, and competition from rivals set to increase.

This will include Research in Motion (RIM) which will be unveiling its new BlackBerry 10 platform on 30 January, in a boost to reinvigorate its own stalling handset business and rekindle its status in the corporate environment.